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*The '''[[ | *The '''[[Historical school of economics]]''' is an economic school of thought that emerged in 19th century Germany as a reaction to the ideas of the Classical School and Austrian School. | ||
* | *'''[[Standard Oil]]''' was an American refining company from its foundation in 1870 to its breakup by the Supreme Court in 1911. | ||
* | *'''[[Qualitative easing]]''' is a monetary policy whereby a central bank reduces the average quality of the assets backing its monetary base. | ||
* | *An '''[[action axiom]]''' is an axiom that embodies a criterion for recommending action. | ||
* | *'''[[Perfect competition]]''' is an imaginary construct used by some schools of thought to explain competition and monopoly in the economy. | ||
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Revision as of 14:03, 26 November 2011
- The Historical school of economics is an economic school of thought that emerged in 19th century Germany as a reaction to the ideas of the Classical School and Austrian School.
- Standard Oil was an American refining company from its foundation in 1870 to its breakup by the Supreme Court in 1911.
- Qualitative easing is a monetary policy whereby a central bank reduces the average quality of the assets backing its monetary base.
- An action axiom is an axiom that embodies a criterion for recommending action.
- Perfect competition is an imaginary construct used by some schools of thought to explain competition and monopoly in the economy.
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